When is the application deadline?
The application deadline is August 30th - make sure to put it in your calendar!
How is the schedule?
Firestarter begins on October 10th and runs for four weeks. The participating teams will have workshops and mentor meetings once a week and a full day of follow-up the day after. Office space will be provided during the whole period. The demo day will be hosted in partnership with Iceland Airwaves on November 8th.
I am the only founder - is that okay or do you only look for teams?
It does make things more difficult although we read every application we receive. We look for great enthusiastic teams who have a full range of skills. We strongly advise you to seek co-founders who balance your skill set. For example, if you’re a strong producer, you might consider adding someone with business and/or marketing experience to your team. In the startup world two is definitely better than one!
Do I need to be present the whole four weeks?
You need to be present during the days of the program and we strongly recommend you take advantage of the office space the other days during these four weeks. This benefits you because you can take advantage of the numerous learning opportunities, networking and coaching that Firestarter will provide. Getting to know the other teams and learning from them is equally important as the program itself!
I’m concerned that if I apply, you wont protect my intellectual property - Should I be worried?
We’re not in the business of stealing ideas, and we won’t show your application to anyone outside of the Firestarter team. For the record, Icelandic Startups is a non profit organisation and does not take equity in any startups either. Each year we receive hundreds of business ideas. Our application does not ask for your “music score” and there is no reason you have to disclose this to us if you’re not comfortable doing so. We value trust and honesty and hope that our reputation speaks for itself.
Do you provide seed money in exchange for equity in my startup?
We don’t invest in your startup (just our time and hard work! ), but we can connect you with potential investors.